Direxion Monthly Small Fund Manager Performance Evaluation
| DXRLX Fund | USD 100.05 0.13 0.13% |
The fund shows a Beta (market volatility) of 2.59, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Direxion Monthly will likely underperform.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Direxion Monthly Small are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak essential indicators, Direxion Monthly showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 29th of December 2022 | |
| Expense Ratio | 1.4800 |
Direxion |
Direxion Monthly Relative Risk vs. Return Landscape
If you would invest 8,204 in Direxion Monthly Small on August 31, 2024 and sell it today you would earn a total of 1,801 from holding Direxion Monthly Small or generate 21.95% return on investment over 90 days. Direxion Monthly Small is currently producing 0.3383% returns and takes up 2.1774% volatility of returns over 90 trading days. Put another way, 19% of traded mutual funds are less volatile than Direxion, and 94% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Direxion Monthly Current Valuation
Overvalued
Today
Please note that Direxion Monthly's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Direxion Monthly Small shows a prevailing Real Value of $96.55 per share. The current price of the fund is $100.05. We determine the value of Direxion Monthly Small from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Direxion Monthly is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Direxion Mutual Fund. However, Direxion Monthly's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 100.05 | Real 96.55 | Hype 100.05 | Naive 100.06 |
The intrinsic value of Direxion Monthly's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Direxion Monthly's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Direxion Monthly Small helps investors to forecast how Direxion mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Direxion Monthly more accurately as focusing exclusively on Direxion Monthly's fundamentals will not take into account other important factors: Direxion Monthly Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Monthly's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Direxion Monthly Small, and traders can use it to determine the average amount a Direxion Monthly's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1554
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | DXRLX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Direxion Monthly is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Monthly by adding it to a well-diversified portfolio.
Direxion Monthly Fundamentals Growth
Direxion Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Direxion Monthly, and Direxion Monthly fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Mutual Fund performance.
About Direxion Monthly Performance
Evaluating Direxion Monthly's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Direxion Monthly has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Direxion Monthly has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its net assets in securities of the index, exchange-traded funds that track the index and other financial instruments that provide monthly leveraged exposure to the index or to ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.Things to note about Direxion Monthly Small performance evaluation
Checking the ongoing alerts about Direxion Monthly for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Direxion Monthly Small help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -5.0% | |
| Direxion Monthly Small retains about 34.7% of its assets under management (AUM) in cash |
- Analyzing Direxion Monthly's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Direxion Monthly's stock is overvalued or undervalued compared to its peers.
- Examining Direxion Monthly's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Direxion Monthly's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Direxion Monthly's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Direxion Monthly's mutual fund. These opinions can provide insight into Direxion Monthly's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Direxion Mutual Fund
Direxion Monthly financial ratios help investors to determine whether Direxion Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Direxion with respect to the benefits of owning Direxion Monthly security.
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